Showa Denko K K : New Year Message from Kohei Morikawa, President and CEO
January 04, 2019 at 02:49 am
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Kohei Morikawa
President and CEO
Showa Denko K.K.
We expect that the Showa Denko Group will achieve all-time high operating income for two consecutive years in its 2018 year-end settlement of accounts. Our success in fully sharing the benefit of a brisk market is the result of the strenuous efforts to establish 'sound present' made by the Group's lines of business through many years. With regard to the global economy in 2019, a dark sign has begun to be seen in the prosperity which started in 2017 due partly to the trade friction between the United States and China and other geopolitical risks. 2019 is a year when our true value is being questioned. Whether we can adapt ourselves to changes in wind direction or not will determine our true value.
Under the new medium-term consolidated business plan 'The TOP 2021' which starts this year, the Showa Denko Group will change its course sharply toward long-term business growth on the basis of cash we earned. 'The TOP' represents the summit of the mountain we aim for, namely, making half or more of the Group's businesses 'KOSEIHA Businesses.' KOSEIHA Business is a business in which the Group earns operating income of billions of yen or more, records operating margin of 10% or more, and achieves stable profitability tolerant to environmental change. Different businesses have different processes to become KOSEIHA Businesses. Every business should start to 'Enhance,' 'Grow' or 'Change' itself in line with the policy set in The TOP 2021. In addition, to realize continuous growth, creation of new businesses is essential for us. Let's have a strong will to promote growth of the Group and 'Create' new businesses.
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Public Relations Office (Phone: 81-3-5470-3235)
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Showa Denko KK published this content on 04 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 January 2019 02:48:04 UTC
Resonac Holding Corporation (formerly Showa Denko KK) is a holding company organized around 7 family of products:
- materials (43.8% of net sales): electronics materials (epoxy molding compounds, die bonding materials, CMP slurries, anisotropic conductive films), printed wiring board materials (copper-clad laminates, photosensitive dry films), mobility components (plastic molded products, friction materials, powder metal products, carbon anode materials for LIBs), energy storage devices and systems (automotive and industrial batteries), and life sciences (diagnostics, contracted manufacturing of regenerative medicine products);
- petrochemical products (19.6%): olefins (polyethylene, polypropylene) and organic chemical products (vinyl acetate monomer, ethyl acetate and plastics);
- chemical products (12.9%): caustic soda, chlorine, liquid ammonia, amino acids, polymers, gas (oxygen, nitrogen, hydrogen), etc.;
- electronic components (8.3%): hard disks, semiconductors components, magnetic components, etc.;
- inorganic products (7.1%): ceramics and carbons (graphite electrodes);
- aluminum products (5.3%): aluminum foils, extruded products, forged products, cans, etc.;
- other (3%).
Net sales break down geographically as follows: Japan (53.4%), China (12%), Asia (20.6%) and other (14%).